Trexquant Investment LP Increases Stake in Science Applications International Co. $SAIC

Key Points

• Trexquant Investment LP raised its stake in Science Applications International Co. (SAIC) by 1,640.7%, owning 85,449 shares valued at approximately $9.6 million after purchasing an additional 80,540 shares in Q1.
• Institutional investors and hedge funds now control 76% of SAIC's stock, with Parallel Advisors LLC and Larson Financial Group also increasing their holdings significantly during the same quarter.
• The company declared a quarterly dividend of $0.37 per share, with the record date for investors set for October 10th, representing an annualized yield of 1.3%.

Trexquant Investment LP increased its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 1,640.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,449 shares of the information technology services provider's stock after acquiring an additional 80,540 shares during the period. Trexquant Investment LP owned about 0.18% of Science Applications International worth $9,593,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SAIC. Invesco Ltd. raised its holdings in Science Applications International by 124.8% in the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock worth $98,191,000 after acquiring an additional 485,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Science Applications International by 14.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider's stock worth $280,685,000 after acquiring an additional 313,539 shares during the last quarter. AQR Capital Management LLC raised its holdings in Science Applications International by 68.4% in the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider's stock worth $49,413,000 after acquiring an additional 179,963 shares during the last quarter. Nuveen LLC purchased a new position in Science Applications International in the 1st quarter worth approximately $13,147,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Science Applications International by 387.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 126,746 shares of the information technology services provider's stock worth $14,362,000 after acquiring an additional 100,760 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Stifel Nicolaus assumed coverage on shares of Science Applications International in a report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price objective for the company. UBS Group decreased their price objective on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Barclays decreased their price objective on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. Finally, Jefferies Financial Group boosted their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Science Applications International currently has a consensus rating of "Hold" and a consensus target price of $125.64.

Science Applications International Stock Performance

Shares of SAIC traded down $7.89 on Thursday, reaching $106.22. The company's stock had a trading volume of 1,374,110 shares, compared to its average volume of 648,591. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The stock has a market capitalization of $4.98 billion, a P/E ratio of 17.91 and a beta of 0.49. The stock's 50 day simple moving average is $115.50 and its two-hundred day simple moving average is $112.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $1.38. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the business earned $2.05 EPS. The firm's revenue was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. Science Applications International's dividend payout ratio (DPR) is presently 20.76%.

Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.